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Side-by-side financial comparison of American Tower (AMT) and Texas Roadhouse, Inc. (TXRH). Click either name above to swap in a different company.

American Tower is the larger business by last-quarter revenue ($2.7B vs $1.5B, roughly 1.8× Texas Roadhouse, Inc.). American Tower runs the higher net margin — 110.1% vs 5.8%, a 104.3% gap on every dollar of revenue. Over the past eight quarters, Texas Roadhouse, Inc.'s revenue compounded faster (12.8% CAGR vs 3.7%).

American Tower Corporation, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 219,000 communications sites. For more information about American Tower, please visit the Earnings Materials and Investor Presentations sections of our investor relations website at www.americantower.com.

Texas Roadhouse is an American steakhouse chain that specializes in steaks in a Texan and Southwestern cuisine style. It is a subsidiary of Texas Roadhouse Inc, which has two other concepts and is headquartered in Louisville, Kentucky. As of August 2025, the chain operates about 800 locations in 49 U.S. states and 70 international locations in 11 countries.

AMT vs TXRH — Head-to-Head

Bigger by revenue
AMT
AMT
1.8× larger
AMT
$2.7B
$1.5B
TXRH
Higher net margin
AMT
AMT
104.3% more per $
AMT
110.1%
5.8%
TXRH
Faster 2-yr revenue CAGR
TXRH
TXRH
Annualised
TXRH
12.8%
3.7%
AMT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AMT
AMT
TXRH
TXRH
Revenue
$2.7B
$1.5B
Net Profit
$3.0B
$86.7M
Gross Margin
Operating Margin
0.0%
6.5%
Net Margin
110.1%
5.8%
Revenue YoY
3.1%
Net Profit YoY
-26.9%
EPS (diluted)
$1.29

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AMT
AMT
TXRH
TXRH
Q1 26
$2.7B
Q4 25
$2.7B
$1.5B
Q3 25
$2.7B
$1.4B
Q2 25
$2.6B
$1.4B
Q1 25
$2.6B
Q4 24
$2.5B
$1.4B
Q3 24
$2.5B
$1.3B
Q2 24
$2.5B
$1.3B
Net Profit
AMT
AMT
TXRH
TXRH
Q1 26
$3.0B
Q4 25
$836.8M
$86.7M
Q3 25
$912.6M
$84.9M
Q2 25
$380.5M
$116.1M
Q1 25
$498.6M
Q4 24
$1.2B
$118.5M
Q3 24
$-780.4M
$86.8M
Q2 24
$908.4M
$123.1M
Operating Margin
AMT
AMT
TXRH
TXRH
Q1 26
0.0%
Q4 25
42.4%
6.5%
Q3 25
45.4%
6.7%
Q2 25
45.6%
9.3%
Q1 25
48.9%
Q4 24
42.4%
9.6%
Q3 24
45.2%
8.0%
Q2 24
45.4%
10.6%
Net Margin
AMT
AMT
TXRH
TXRH
Q1 26
110.1%
Q4 25
30.6%
5.8%
Q3 25
33.6%
5.9%
Q2 25
14.5%
8.0%
Q1 25
19.5%
Q4 24
48.3%
8.2%
Q3 24
-30.9%
6.8%
Q2 24
35.7%
9.2%
EPS (diluted)
AMT
AMT
TXRH
TXRH
Q1 26
Q4 25
$1.76
$1.29
Q3 25
$1.82
$1.25
Q2 25
$0.78
$1.70
Q1 25
$1.04
Q4 24
$2.63
$1.73
Q3 24
$-1.69
$1.26
Q2 24
$1.92
$1.79

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AMT
AMT
TXRH
TXRH
Cash + ST InvestmentsLiquidity on hand
$1.6B
$134.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$10.2B
$1.5B
Total Assets
$3.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMT
AMT
TXRH
TXRH
Q1 26
$1.6B
Q4 25
$1.5B
$134.7M
Q3 25
$2.0B
$108.2M
Q2 25
$2.1B
$221.1M
Q1 25
$2.1B
Q4 24
$2.0B
$245.2M
Q3 24
$2.2B
$189.2M
Q2 24
$2.2B
$197.5M
Total Debt
AMT
AMT
TXRH
TXRH
Q1 26
Q4 25
$33.8B
Q3 25
$34.9B
Q2 25
$35.2B
Q1 25
$34.0B
Q4 24
$32.8B
Q3 24
$33.4B
Q2 24
$35.6B
Stockholders' Equity
AMT
AMT
TXRH
TXRH
Q1 26
$10.2B
Q4 25
$3.7B
$1.5B
Q3 25
$4.0B
$1.5B
Q2 25
$3.7B
$1.4B
Q1 25
$3.5B
Q4 24
$3.4B
$1.4B
Q3 24
$3.6B
$1.3B
Q2 24
$3.9B
$1.3B
Total Assets
AMT
AMT
TXRH
TXRH
Q1 26
Q4 25
$63.2B
$3.5B
Q3 25
$63.9B
$3.3B
Q2 25
$63.8B
$3.2B
Q1 25
$62.1B
Q4 24
$61.1B
$3.2B
Q3 24
$62.8B
$2.9B
Q2 24
$65.8B
$2.9B
Debt / Equity
AMT
AMT
TXRH
TXRH
Q1 26
Q4 25
9.26×
Q3 25
8.82×
Q2 25
9.48×
Q1 25
9.63×
Q4 24
9.70×
Q3 24
9.16×
Q2 24
9.24×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AMT
AMT
TXRH
TXRH
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$941.0M
FCF MarginFCF / Revenue
34.4%
Capex IntensityCapex / Revenue
16.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$6.7B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMT
AMT
TXRH
TXRH
Q1 26
Q4 25
$5.5B
Q3 25
$1.5B
$143.6M
Q2 25
$1.3B
$237.7M
Q1 25
$1.3B
Q4 24
$5.3B
$237.5M
Q3 24
$1.5B
$138.7M
Q2 24
$1.3B
$133.9M
Free Cash Flow
AMT
AMT
TXRH
TXRH
Q1 26
$941.0M
Q4 25
$3.8B
Q3 25
$994.5M
$14.7M
Q2 25
$976.9M
$160.4M
Q1 25
$963.9M
Q4 24
$3.7B
$129.7M
Q3 24
$1.0B
$47.7M
Q2 24
$1.0B
$56.1M
FCF Margin
AMT
AMT
TXRH
TXRH
Q1 26
34.4%
Q4 25
138.2%
Q3 25
36.6%
1.0%
Q2 25
37.2%
11.1%
Q1 25
37.6%
Q4 24
145.3%
9.0%
Q3 24
41.4%
3.7%
Q2 24
39.8%
4.2%
Capex Intensity
AMT
AMT
TXRH
TXRH
Q1 26
16.8%
Q4 25
61.4%
Q3 25
17.1%
9.0%
Q2 25
11.6%
5.3%
Q1 25
12.9%
Q4 24
62.4%
7.5%
Q3 24
16.8%
7.2%
Q2 24
12.8%
5.8%
Cash Conversion
AMT
AMT
TXRH
TXRH
Q1 26
Q4 25
6.53×
Q3 25
1.60×
1.69×
Q2 25
3.37×
2.05×
Q1 25
2.60×
Q4 24
4.30×
2.00×
Q3 24
1.60×
Q2 24
1.47×
1.09×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AMT
AMT

Segment breakdown not available.

TXRH
TXRH

Food And Beverage$1.5B99%
Texas Roadhouse Segment$21.2M1%
Franchise$8.2M1%
Franchise Royalty$7.4M0%
Bubba S33Segment$2.3M0%

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